Ethereum 
$2,075 is advancing towards becoming the computer of the internet, establishing itself as the largest smart contract platform. As major financial companies show increasing interest, especially in the field of asset tokenization, more attention is being drawn to the Ethereum network. Many banks have already launched their own RWA tokens on the network, with more expected to follow.
Anticipation for the Pectra Upgrade
The Pectra upgrade is expected to launch on the Holesky (February 26) and Sepolia (March 5) test networks this month and in March. The community is closely monitoring this upgrade, as it brings significant innovations for wallets and validators.
When will the Pectra upgrade officially launch? Success on the test networks will dictate that developers finalize the date on March 6. If there are no major setbacks, the update is anticipated to be released on the Ethereum main network in April.
The price of Ether is stagnating at $2,689, largely due to a drop in BTC prices, independent of the developer activity on the network. While this article is being prepared, BTC has initiated a new downward trend, dragging altcoins further down.
List of Ethereum Improvement Proposals (EIPs)
A total of 11 improvements will be introduced through eight major updates. One of the most critical is EIP-7702, which supports account abstraction in wallets.
- EIP-2537 aims to add a precompiled contract for BLS12-381 curve operations to Ethereum, making BLS signatures faster and more efficient.
- EIP-2935 suggests storing historical block hashes in Ethereum’s state, simplifying access to past block transactions.
- EIP-6110 allows validator deposits to be processed directly via the Consensus Layer, simplifying participation and enhancing decentralization.
- EIP-7002 enables validators to initiate exit and partial withdrawal processes through the Execution Layer, making staking user-friendly and allowing flexible fund management.
- EIP-7251 raises the maximum balance limit for validators from 32 ETH to 2048 ETH, offering significant advantages for large-scale staking operations.
- EIP-7549 transfers committee indices outside validation messages for efficient data structure usage and improved consensus voting.
- EIP-7623 targets maximizing block size and variance by adjusting call data costs, enhancing network security and resource utilization.
- EIP-7685 introduces a general-purpose framework for requests triggered by contracts, enhancing flexibility and functionality for developers.
- EIP-7691 improves data storage and access processes through increased Blob efficiency, strengthening data management.
- EIP-7702 allows external accounts, such as those in MetaMask, to behave like smart contracts by adding code. This feature can automate asset transfers based on conditions, providing significant utility to the ETH community.
- EIP-7840 enhances the systematic processing of blobs, improving efficiency and reducing processing delays on the main network.
